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Monday, June 20, 2011

Impact of Oil Industry on Northwest North Dakota -- Bakken, North Dakota, USA

Link here.

A big "thank you" to "anonymous" to alerting me to this site.

Narrative summary:
In Q4 2010, North Dakota employment rose 4.2 percent compared to Q4 2009, an increase of 14,790 jobs. Average weekly wages were higher by 7.6 percent and stood at $809. Of the major industry categories, the largest private employment increases occurred in Mining, Quarrying and Oil and Gas Extraction (+5,686), Health Care and Social Assistance (+1,746), and Transportation and Warehousing (+1,552). The only decline occurred in Administrative and Waste Services (-280).

The county with the largest numeric increase over the year was Williams with 4,907 jobs, a 37.2 percent increase, followed by Stark (+2,074), Cass (+1,888), Mountrail (+1,535), and McKenzie (+981). The county experiencing the largest numeric decrease over Q4 2009 was Stutsman (-404). Five other counties reported triple-digit year-over-year decreases.
Except for Cass County, all counties noted above were in the northwest, where the Bakken interest is most concentrated.

Linked site with raw data. 

Note: North Dakota created almost 15,000 new jobs last year (2010): put that number in perspective -- last month California lost 29,000 jobs; New York state lost 24,000 jobs; and, Pennsylvania lost 15,000 jobs

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